Ubtech Robotics Full Year 2024 Earnings: Misses Expectations

Ubtech Robotics (HKG:9880) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥1.31b (up 24% from FY 2023).
• Net loss: CN¥1.12b (loss narrowed by 9.0% from FY 2023).
• CN¥2.67 loss per share (improved from CN¥3.05 loss in FY 2023).

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All figures shown in the chart above are for the trailing 12 month (TTM) period

Ubtech Robotics Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 21%. Earnings per share (EPS) also missed analyst estimates by 27%.

The primary driver behind last 12 months revenue was the Mainland China segment contributing a total revenue of CN¥877.5m (67% of total revenue). Notably, cost of sales worth CN¥943.3m amounted to 72% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to CN¥526.0m (35% of total expenses). Over the last 12 months, the company's earnings were enhanced by non-operating gains of CN¥4.06m. Explore how 9880's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 50% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Machinery industry in Hong Kong.

Performance of the Hong Kong Machinery industry.

The company's shares are up 6.9% from a week ago.

Risk Analysis

Be aware that Ubtech Robotics is showing 2 warning signs in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.